FRANKFURT –Supply constraints thwarting global economic growth could still get worse, keeping inflation elevated longer, even if the current spike in prices is still likely to remain temporary, the world’s top central bankers warned on Wednesday. The disruptions to the …
A third federal appellate court has ruled against a policyholder seeking business-interruption coverage for income lost because of the coronavirus pandemic. A panel of the 6th Circuit Court of Appeals, in a published decision released Wednesday, affirmed a district court …
Auto loss costs climbed rapidly this year as vehicle traffic returned nearly to pre-pandemic levels and motorists adopted more risky behaviors, the American Property Casualty Insurance Association said in a white paper released on Monday. An increase in claim frequency …
LOS ANGELES — Production on the new “Mission: Impossible” movie was shut down seven times due to the coronavirus pandemic, according to a lawsuit filed on Monday that accuses the film’s insurance company of failing to pay out for all …
Motorists put the pedal to the metal during the pandemic and police are worried as roads get busy with the final stretch of summer travel. The latest data shows the number of highway deaths in 2020 was the greatest in …
LONDON — Liability insurers on both sides of the Atlantic are scaling back the cover they offer companies ahead of an expected wave of discrimination claims as employers call staff back to their desks after 18 months of pandemic-induced home …
WASHINGTON — Game maker Eric Poses last year created The Worst-Case Scenario Card Game, making a wry reference to the way the coronavirus had upended normal life. He had no idea. In a twist that Poses never could have predicted, …
COVID-19 once again poses an intensifying threat to supply chain resilience. Marine reinsurers and insurers, in particular, should stay vigilant as to the potential implications for the risk environment. Low rates of vaccination, the continued problem of crews stranded at …
NEW YORK — The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the 2008 financial crisis, despite such obstacles as low interest rates and inflation risk, insurer Swiss Re AG’s …
Hurricane season has arrived. Although we’re still ahead of the historical September peak, PCS has already recorded two tropical events making landfall in the United States and notes outside forecasts of another busy year. Further, hot and dry conditions in …